A majority of Americans believe that the economy is in a recession even though it’s not. On this week’s On the Media, hear why there’s a mismatch between facts and feelings about the economy. Plus, how the outlandish claims of AI companies often go unchecked by the press.

[01:09] Host Micah Loewinger interviews Jeanna Smialek of The New York Times about whether the ‘vibecession’ is back and the factors that are shaping negative perceptions of the economy.

[14:41] Micah speaks with Gordon Hanson, economist at Harvard University’s Kennedy School, about how President Biden has adopted, and even escalated, former President Trump’s tariffs on China, and why the political narratives around tariffs don’t always match up with the economic realities.

[29:29] Lastly, Micah breaks down media hype about AI. According to Sam Harnett, a former tech reporter, journalists are repeating lazy tropes about the future of work that once boosted companies like Uber, Airbnb, and Fiverr. Plus, Julia Angwin, founder of Proof News, debunks fantastical claims by AI companies about their software. And Paris Marx, host of Tech Won’t Save Us, explains how AI leaders like Sam Altman use the press to lobby regulators and investors.

Further reading:

• “High Interest Rates Are Hitting Poorer Americans the Hardest,” by Ben Casselman and Jeanna Smialek
• “Washington’s New Trade Consensus,” by Gordon Hanson
• “How Tech Media Helped Write Gig Companies into Existence,” by Sam Harnett
• “Press Pause on the Silicon Valley Hype Machine,” by Julia Angwin
• “AI is Fueling a Data Center Boom. It Must Be Stopped," by Paris Marx

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